Fed Chair Jerome Powell to give Jackson Hole speech
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It’s time once again for central bankers, economists and academics to gather in Jackson Hole, Wyoming, for the Federal Reserve of Kansas City’s annual economic policy symposium. The gathering comes as the Fed finds itself an increasing focus of criticism from the White House as President Donald Trump seeks to transform the global economy and the US workforce.
The Federal Reserve notes the balance of risks to the U.S. economy may warrant a shift in policy stance – in other words, a rate cut. Read more here.
Fed Chair Powell sparked a big rally as he signaled the central bank could cut rates in September in his remarks at the Jackson Hole policy symposium.
As Fed Chairman Jerome Powell spoke at the annual conference in Wyoming, U.S. President Donald Trump threatened to fire Fed Governor Lisa Cook.
Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.
Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment.
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course — and in the worst case, start hiking again,” Slok said.